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Business/Financial

Boeing Hires Tata Industries To Do $500 Million Defense Aerospace Work In India

DDN

Monday, February 18th, 2008

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The Boeing Co. [BA] will have Tata Industries Ltd of India produce an initial $500 million worth of defense-related aerospace goods in India for Boeing and its international customers, the Chicago-based company announced. Under the Boeing-Tata memorandum of agreement, it is contemplated that the joint-venture company will be established by June, and shortly thereafter will begin work building Boeing aerospace components. Jim Albaugh, president and CEO of Boeing Integrated Defense Systems, said the deal will "bring real and lasting value…

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